Mission Statement : "To impart relevant quality higher education to the students, to groom them to be conscious, researchers, technologists, professionals and citizens, bearing the torch for disseminating knowledge in masses for suitable socio-economic development of the society."

Objective of the Scheme :- To open Insurance Policy of students by charging meager fee of Rs.10/-.

Rules & Regulations :- The students be regularly admitted in the School/ Affiliated colleges.

Benefits of this scheme :- Rs.1,50,000/- from New India Insurance Company and Rs. 5,000/- from Vice-Chancellor fund will be provided to the parents/successor of the students in case of the death of the students.

Other Schemes of Government:

Central Scheme of Scholarship for College and University Students

The National Merit Scholarship Scheme, the objective of which was to provide financial assistance to meritorious students studying from Class XI to Post- Graduation level in Government Schools/Colleges and Universities has been discontinued with effect from 1.4.2007. However, a new Central Sector Scheme of Scholarship for College and University Students has been introduced during XI Five Year Plan. The objective of the scheme is to provide financial assistance to meritorious students from poor families to meet a part of their day-to-day expenses while pursuing higher studies.

The Central Sector Scheme of Scholarship for College and University Students is covered under the Direct Benefit Transfer (DBT). Under the Direct Benefit Transfer (DBT) Programme of the Government of India, scholarships are disbursed directly into the bank accounts of the beneficiaries.

Scholarships/Free ships are provided to the candidate belonging to SC, OBC, NT, SBC categories as per the rules of Social Welfare Department, Government of Maharashtra. ST category candidates are provided with Scholarships/Free ships as per the rules of Tribal Development Department, Government of Maharashtra.

Research Fellowship in Sciences for Meritorious Students of UGC, New Delhi

The Research Fellowship in Sciences for meritorious students (RFSMS) scheme of the UGC is open to candidates who have registered for Ph.D. in Science in Universities with Potential for Excellence/Centres with Potential for Excellence/Centres of Advance Studies and Department of Special Assistance identified by UGC.

Maulana Azad National Fellowship For Minority Students, UGC, New Delhi

The objective of the Fellowship is to provide integrated five year fellowships in the form of financial assistance to students from minority communities, as notified by the Central Government to pursue higher studies such as M. Phil and Ph.D. The Fellowship will cover all Universities/Institutions recognized by the University Grants Commission (UGC) under section 2(f) and section 3 of the UGC Act alongwith those which are not under the purview of UGC and will be implemented by the Ministry of Minority Affairs through UGC for students belonging to the minority communities. The fellowship under Maulana Azad National Fellowship for minority students will be on the pattern of UGC Fellowships awarded to research students pursuing regular and full time M. Phil and Ph.D courses. The fellowship holders under this Fellowship will be known as Ministry of Minority Affairs scholars.

The "Women Scientists Scheme (WOS)" has been evolved by the Department of Science and Technology (DST) for providing opportunities to women scientists and technologists between the age group of 30-50 years who desire to return to mainstream science and work as bench-level scientists. Through this endeavour of the Department, a concerted effort would be made to give women a strong foothold into the scientific profession, help them re-enter into the mainstream and provide a launch pad for further forays into the field of science and technology, both from the point of view of pure science and its application to societal development.

Under this scheme, women scientists are being encouraged to pursue research in frontier areas of science and engineering, on problems of societal relevance and to take up S&T-based internship followed by self-employment.

Post-Graduate Indira Gandhi Scholarship for Single Girl Child of UGC, New Delhi

In order to achieve and promote girls education, UGC has introduced a Post Graduate Indira Gandhi Scholarship for single girl child with an aim to compensate direct costs of girl education to all levels specially for such girls who happen to be the only girl child in their families.

Rajiv Gandhi National Fellowship For Scheduled Caste/Scheduled Tribe Candidates of UGC, New Delhi

The Rajiv Gandhi National Fellowship (RGNF) Scheme for Scheduled Caste and Scheduled Tribes is formulated and funded by Ministry of Social Justice & Empowerment and Ministry of Tribal Affairs. The scheme is open to candidates who belong to Scheduled Caste & Scheduled Tribe and wish to pursue higher studies such as regular and full time M.Phil. and Ph.D degrees in Sciences, Humanities, Social Sciences and Engineering & Technology.